Question: enter your answer rounded to the nearest single decimal place, such as 2.0 or -15.5. DO NOT include any other punctuation such as commas or

enter your answer rounded to the nearest single decimal place, such as 2.0 or -15.5. DO NOT include any other punctuation such as commas or $ signs within your numerical response. A specialized rice grower sells rice in two markets, the United States and Japan, and the marginal cost is the same in both markets. The price elasticity of demand in the United States is -2.0, and the price elasticity of demand in Japan is -1.5. If the grower practices group price discrimination, what is the ratio of the price in the Japan to the price in the US? Ratio: _____ Group of answer choices 1.6 1.5 1.4

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